Reguilon is not part of Antonio Conte’s plans and has been training away from the rest of the first team this summer as he waits for a move.
Fulham are in talks with Tottenham to sign the left-back and he would prefer to stay in the Premier League despite interest from Lazio.
However, Atletico Madrid have joined the race and are in contact with Spurs to sort out a loan deal for the Spanish full-back.
But according to Italian outlet Tutto Mercato, their pursuit of Reguilon is dependent on them moving Nottingham Forest target Lodi on before next week’s transfer deadline.
The newly-promoted Premier League outfit are in talks with the Spanish giants for Lodi and are pushing to take him to England.
However, a deal is not in place and Atletico Madrid would not be able to sign Reguilon if Lodi stays at the Wanda Metropolitano.
Talks are under way between all the parties to find a solution and Nottingham Forest signing Lodi could lead Reguilon to Atletico Madrid in the coming days.